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What is an accounts receivable confirmation?

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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/06/26
SHAHZAD Yaqoob
by SHAHZAD Yaqoob , SENIOR ACCOUNTANT , ABDULLAH H AL SHUWAYER

A process in which seller gets confirmataion from buyer the balance of receivables; infact seller match the balance of AR with AP books of buyer in specified format for confirmation.

 

manaf almas
by manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

Accounts receivable confirmation is the balance confirmation from customer side for to confirm that in our books and customer books are showing same balance...If there is any difference we should reconcile the same

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